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There’s a new CEO at Instacart.
On Thursday, the grocery delivery company announced that Fidji Simo — the former head of the Facebook app — will start as Instacart’s chief executive officer on Aug. 2. The announcement comes several months after Simo first joined Instacart’s board of directors in January of this year.
Meanwhile, Instacart’s current CEO and founder Apoorva Mehta, will become the executive chairman of the board. Both Mehta and Simo will report to Instacart’s board of directors, the announcement said.
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In the announcement, Mehta said he has been "blown away" by Simo’s leadership and that she "understands what it takes to lead and scale a transformational company like Instacart."
"I believe that with Fidji at the helm we’ll be in an even stronger position to seize the incredible opportunity in front of us," Mehta said in a statement.
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"Building Instacart over the last 10 years has been one of the most fulfilling experiences of my life," he added. "In my new role as Executive Chairman, I’ll remain very engaged in the business on a day-to-day basis and will partner with Fidji on long-term and strategic moves that will shape the future of Instacart and our industry for years to come."